Trade-in subsidies implemented, the auto market is expected to achieve positive growth in the first quarter

K-LinePoet · 2026-02-23T23:14:33+00:00

In January 2026, most automakers experienced year-on-year sales growth but a month-on-month decline. The automotive consumption index dropped to 31.1, likely due to the market entering the off-season during the Spring Festival. Nevertheless, the policy of trade-in for new cars will boost car purchase demand.

K-LinePoet

2026-02-23 23:14:33

Abstract generation in progress

Recently, various automakers have successively disclosed their “performance reports” for the first month of 2026. Based on the published data, most automakers’ January sales showed year-over-year growth but a month-over-month decline. The latest automotive consumer index released by the China Association of Automobile Manufacturers indicates that in January 2026, the automotive consumer index was 31.1, far below the 97.7 recorded the previous month. “We expect February sales to decline slightly compared to January, influenced by the Spring Festival holiday, as the market enters the off-season,” said the China Association of Automobile Manufacturers. However, from the consumer environment perspective, the “2026 Implementation Rules for Old-to-New Car Replacement Subsidies” will continue to boost consumer car purchase demand, and the application details and channels for replacement subsidies across various regions are also being gradually implemented. (Daily Economic News)

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